Settings8H · net · $10k
Funding arb · Price arb /

ORCL

RWAall ORCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.066%
Price spread now: Gate against ApeX Omni+0.114%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$810.812% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.107%+$11 on $10k
Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.114%, 7d avg +0.058%
Together, before fees−0.097%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.056% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.058%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ORACLEUSDT148.850.0100pay 0.0013% / 1h23m 29s$22K$263K50x
ShortGate ORCL_USDT149.020.0254get 0.0254% / 8h2h 23m$2.3M$3.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$32.34
Price spread: +0.114% → +0.058%
$5.63
Slippage, 4 orders
−$56.24
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$43.27
Costs to cover
0.812%
Break-even
16.4 days
Slippage from ApeX Omni: live order book, 23 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 23 min ago8.70 bp21.4 bp −$21181.5 bp −$1,815doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago4.36 bp18.3 bp −$1829.1 bp −$291doesn't fitdoesn't fit

ORCL on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ORCLUSDC−0.0588%4h148.82−0.018%$28K$213K10xas long as short
Aster ORCLUSDT0.0000%8h149.03+0.121%$97K$20K20xas long as short
Bitget ORCLUSDT0.0000%8h149.07+0.148%$7.7M$3.8M20xas long as short
SunX ORCL-USDT0.0000%8h149.23+0.255%$2K$2.7M10xas long as short
HTX ORCL-USDT0.0000%8h149.13+0.188%$52K$25K20xas long as short
Lighter ORCL+0.0032%1h149.08+0.155%$472K$51K10xas long as short
Lighter RH ORCL+0.0032%1h148.99+0.094%$621K$317K10xas long as short
Injective ORCL/USDC PERP+0.0033%1h149.06+0.141%$20K$12K12xas long as short
Arcus ORCL-USD+0.0040%1h148.87+0.013%$86K$79K10xas long as short
Vest ORCL-USD-PERP+0.0046%1h149.01+0.107%$67K25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:ORCL+0.0050%1h148.87+0.013%$21.5M$6.9M10xas long as short
Polymarket Perps ORCL-USD+0.0050%1h148.93+0.054%$130K$92K10xas long as short
SoDEX ORCL-USD+0.0050%1h148.97+0.081%$30K$3K10xas long as short
Ondo Perps ORCL-USD.P+0.0050%1h148.90+0.034%$687K$878K10xas long as short
Nado ORCL-PERP+0.0055%1h148.94+0.058%$88K$22K10xas long as short
QFEX ORCL-USD+0.0058%1h149.00+0.101%$1.1M$2.1M10xas long as short
ApeX Omni ORACLEUSDTlong+0.0100%1h148.85long leg$22K$263K50x
Orderly PERP_ORCL_USDC_mythos+0.0100%8h148.91+0.040%$18910xas long as short
GRVT ORCL_USDT_Perp+0.0152%8h148.99+0.094%$1K$165K10xas long as short
Variational Omni ORCL+0.0187%8h148.89+0.027%$1.2M$416Kas long as short
Gate ORCL_USDTshort+0.0254%8h149.02+0.114%$2.3M$3.0M25x
KuCoin ORCLUSDTM+0.0255%8h149.06+0.141%$241K$287K20xas long as short
Binance ORCLUSDT+0.0268%8h149.00+0.101%$24.9M$35.8M20xas long as short
Extended ORCL_24_5-USD+0.0272%1h148.96+0.073%$388K$1.6M10xas long as short
OKX ORCL-USDT-SWAP+0.0303%8h149.00+0.101%$4.9M$6.0M20xas long as short
Phoenix ORCL+0.0428%1h148.84−0.007%$152K$75K10xas long as short
Bybit ORCLUSDT+0.0621%8h149.08+0.155%$4.1M$1.8M50xas long as short
BloFin ORCL-USDT+0.0653%8h149.03+0.121%$47K$43K20xas long as short